Macy's and Roundy's are big market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
Macy's Inc. (M), down $6.58 to $40.44
The department store operator said sales fell 3.6 percent at established locations during the three months ended Oct. 31.
Roundy's Inc. (RNDY), up $1.39 to $3.57
Kroger Co. plans to buy the supermarket operator, which owns the Mariano's, Metro Market and Copps chains, for about $178 million.
Luxottica Group SpA (LUX), up 87 cents to $68.75
The eyeglass maker said it signed a deal to open LensCrafters stores within Macy's department stores in the U.S.
The ADT Corp. (ADT), up $1.44 to $33.99
The home and business security company reported better-than-expected earnings for the fiscal fourth quarter.
Molson Coors Brewing Co. (TAP), up $3.88 to $92.19
The beer seller said it will pay $12 billion to buy the rest of a beer joint venture stake that SABMiller owned.
CGI Group Inc. (GIB), up $1.78 to $40.61
The information technology and business process services company reported earnings that beat Wall Street expectations.
Alibaba Group Holding Ltd. (BABA), down $1.58 to $79.85
Shares of the Chinese online seller fell, despite saying that it sold $14.3 billion in goods during its Singles Day holiday.
Horizon Pharma PLC (HZNP), down $4.39 to $17.99
The drugmaker said it will re-evaluate its relationship with the Express Scripts Accredo specialty pharmacy.